SOURCE: Industrial Info Resources

Industrial Info Resources

June 15, 2010 05:30 ET

A Year After Declaring Bankruptcy, Chrysler Finally Shows Signs of Recovery, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 15, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- The past year has been long and difficult for The Chrysler Group LLC (Auburn Hills, Michigan). Unlike General Motors Corporation (GM) (Detroit, Michigan), the very survival of Chrysler was not assured after the company went through bankruptcy proceedings a year ago. The proverbial red-headed stepchild of the American automotive sector, Chrysler has continually struggled over the years to keep pace with the larger automakers. While GM was making headlines with its recovery efforts only months after exiting bankruptcy protection, Chrysler struggled to come up with a coherent plan for its North American operations. Finally, a year after emerging from bankruptcy, thanks to Fiat SpA (OTC:FIATY) (Turin, Italy) taking over the reins, Chrysler is showing positive signs of recovery.

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